Blockchain Technology News

In recent years we have seen a rush on the crypto market by investors large and small, drawn to the promise of colossal rewards by a plethora of emerging players. What followed was the widely publicized ‘Great Crypto Crash’ of 2018 that led many coins to either fail completely or struggle to recover fully.

BTCU blockchain enables smart contracts to facilitate decentralized applications and all crypto transactions across a peer-to-peer network.

The government of Australia has today released a national blockchain roadmap to help drive the adoption of the technology in the country.

The southern Indian state of Telangana is to launch a dedicated blockchain incubator.

Cornerstone, the National Student Clearinghouse, a trusted source for degree verification and enrollment verification, Velocity Career Labs, Upwork, SAP, and 11 other highly-reputed human resources management platforms have come together to launch a blockchain-powered non-profit dubbed Velocity Network Foundation. The primary objective of the non-profit is to create an open-source blockchain-based credentialing platform called the “Internet of Careers,” reports Ledger Insights on January 28, 2020.

Paris St. Germain Football Club has just launched a crypto-token that allows fans to vote on a number of different aspects of the football club. The tokens will be available in a Pokemon Go style app, called Socios, and give fans a direct voice in club decisions.

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, mentoring and funding.

Interviews of crypto firms conducted by The Block shows – perhaps unsurprisingly – that regulatory uncertainty in the U.S. remains the top barrier for companies working in the crypto and digital asset space.

When Bitcoin arrived in 2009, people were fascinated by the concept of cryptocurrencies and the brave new world they seemed to herald. However, it soon became apparent that digital coins were not a universal favorite: their success has been mixed, and mainstream adoption remains elusive.

The scalability problem within blockchain has seen the rise of layer 2 solutions that seek to solve a variety of scalability issues that exist within layer 1 blockchain platforms today. Take the payments area as an example, today it’s clear that if decentralized blockchain platforms are to compete against their centralized peers like Visa and PayPal, they need to work on increasing the number of transactions per second (TPS) they can handle.

Within the partnership, ConsenSys will build an Ethereum-based blockchain platform to digitize the post-trade finance industry and bring efficiencies and cost savings to the international agribusiness supply chain, Covantis said in a Jan. 23 press release.

Citing the inadequate weather data collection, an international partnership is testing the world’s first air quality ledger and trying to stem a global crisis.

A county cricket club in the U.K. will use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020.

While it’s true that the media hype over blockchain, bitcoins, and distributed ledgers has died down, organizations continued to invest in research, development, and deployment of these technologies throughout 2019. This year will almost certainly be no different - Gartner analysts have once again highlighted blockchain as one of their top 10 technology trends for the coming year.

The Blockchain Association has filed an amicus curiae brief in response to litigation against Telegram initiated by the United States Securities and Exchange Commission (SEC).

The Singapore government, along with an array of the world’s major financial and manufacturing companies, has formed an alliance to promote the adoption of digital technologies in trade and commerce.

Blockchain startup Algorand is linking up with e-money services company Monerium, the two companies announced Monday.

Chinese technology experts held a seminar titled "Blockchain technology helps China's new social credit system" on Jan. 14. English-language news outlet China.org.cn reported on Jan. 22 that over 20 experts from universities, research institutes and businesses attended the event.

AB InBev, the company behind the Budweiser brand, is helping local African farmers to prove their income using blockchain, Yahoo Finance reports on Jan. 21. A blockchain-based system developed in partnership with BanQu tracks all the local suppliers of AB InBev, replacing the paper trail.

Blockchain, over the years, has gained a lot of popularity, and rightfully so, because it can be decentralised and the data is cryptographically stored where no one can touch whats inside it. Blockchain is a revolution in digital ownership and digital privacy, which will eventually become a part of our daily lives. Many companies like Facebook and WhatsApp are already implementing blockchain to safeguard the way their users exchange money.